TBA GroupVan AalstCimbriaBühler GmbHTMS Awards 2023Port of South Louisiana
  • Cimbria
  • Geneva Dry
  • TBA Group
  • Sailors Society
  • Port of Stockton
  • Bühler GmbH

AD Ports purchase five bulk carriers to strengthen shipping capabilities

AD Ports purchase five bulk carriers to strengthen shipping capabilities

(Posted on 02/05/23)

AD Ports Group, the Abu Dhabi based leading facilitator of global trade, logistics and industry, has announced plans to expand its fleet with the purchase of five bulk carriers and three crude oil tankers.

These vessel acquisitions will follow the recently signed agreements as part of the Group’s strategic global expansion objectives to enhance the shipping division under AD Ports Group’s Maritime Cluster.

The five bulk carriers, to be purchased for AED 459 million, form part of the long-term agreement with Saif Powertec, signed in April 2022, for the movement of general cargo and dry bulk cargo between Fujairah Port in the UAE and Bangladesh, the Indian subcontinent, South-East Asia, and other global destinations.

The purchase of three crude oil tankers, with a total transaction value of AED 496 million, will form part of the seven-year vessel pooling agreement formed in December 2022 with KazMorTransFlot (KMTF), a subsidiary of Kazakh National Oil Company (KazMunayGas), for the transport of crude oil internationally.

Capt. Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “AD Ports Group consistently seeks opportunities to contribute to the development of comprehensive solutions for customers and partners in the energy and maritime sectors. The extension of our fleet with the purchase of another five bulk carriers and addition of an initial three crude oil tankers is a remarkable milestone for our Maritime Cluster and will further enable us to equip our business with the right assets and logistics capabilities to adapt to the evolving global demand within the industries in which we operate.”

“More importantly, the vessel acquisitions are part of a larger expansion strategy by our Group aimed at broadening our portfolio of services and taking our experience and service excellence to the wider bulk shipping and offshore oil markets. We firmly believe that by challenging ourselves and looking beyond our horizons through dynamic strategic partnerships, we will not only benefit our current and future customers, but also our commitment to the objectives of our wise leadership.”

Under the terms of the strategic partnership agreement between KazMunayGas and AD Ports Group, the two companies will review opportunities to collaborate on a broad range of projects, including the development of a new fleet of shallow-water vessels to support offshore operations in the Caspian Sea and the development of a tanker fleet to support the export of Kazakh oil.

Under the terms of the agreement between Saif Powertec Limited and AD Ports Group’s feeder service, SAFEEN Feeders, the two companies will work closely together to facilitate global trade and cargo services over a period of 15 years.

The continuation of each agreement solidifies AD Ports Group’s collaborative ventures across the Central and South Asian region supporting international trade and enhancing connectivity, providing a solid foundation for growth in some of the most important markets.

Latest News

New customs declaration process launched in Belgium

(Posted on 07/05/25)

Inbound Release Platform (IRP) has been operating since 1 April 2025. This innovative solution, which... Read more


Kale to develop Oman’s national port communication system

(Posted on 07/05/25)

Kale Logistics Solutions (Kale), along with its local partner Novel Muscat, has been awarded the contract... Read more


Estonian-German ports strengthen bilateral relations

(Posted on 01/05/25)

Participants at the first German-Estonian Port Days, have demonstrated the impressive way in which bilateral... Read more


Teesport Offshore Gateway - a multi-million pound investment in the River Tees

(Posted on 29/04/25)

One of the UK’s major port groups, PD Ports has announced its ambition to develop one of the UK... Read more


Port of Amsterdam achieves CO? reduction target

(Posted on 28/04/25)

Port of Amsterdam has achieved its CO? reduction target. The Port of Amsterdam aimed to reduce its corporate... Read more


NSBT celebrates launch of new third berth in Freetown

(Posted on 22/04/25)

Nectar Sierra Leone Bulk Terminal (NSBT) is celebrating the operational launch of a new third berth... Read more


Greenhouse gas emissions in port of Rotterdam down by 8%

(Posted on 17/04/25)

Greenhouse gas emissions at companies in the port decreased by 1.7 Mton (8%) in 2024 compared to 2023... Read more


Raw materials delivered to British Steel through Immingham

(Posted on 15/04/25)

Following the UK government’s passing of an emergency law to take control of British Steel, vital... Read more


Rotterdam takes important step in making shipping more sustainable

(Posted on 15/04/25)

Trammo, OCI and James Fisher Fendercare have successfully conducted an ammonia bunkering pilot between... Read more


Bulgarian port’s first order for new Konecranes Gottwald MHCs

(Posted on 03/04/25)

BMF Port Burgas AD (BMF), one of Bulgaria’s largest port operators, has ordered two Generation... Read more


Sailors SocietyGeneva DryViganTelestackPort of Stockton
  • TMS Awards 2023
  • Telestack
  • Port of South Louisiana
  • Vigan

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping